Duolingo, Inc. (DUOL) shares surged 5.09% in pre-market trading on Monday, following a significant analyst upgrade from BofA Global Research.
The brokerage upgraded Duolingo's rating to "Buy" from "Neutral," citing potential upside despite cutting its price target to $250 from $301. The new target still implies a 41.7% upside from the stock's last close, boosting investor confidence in the language-learning platform.
According to data compiled by LSEG, Duolingo currently holds an average "Buy" rating from analysts, with a median price target of $292.50. The upgrade comes after the stock fell 45.9% in 2025, making it an attractive rebound candidate for traders.
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